Flexibility and mobility have been key areas of growth for businesses, with no signs of slowing. Mobile accessibility to critical systems for day-to-day operations is paramount. Spend management is one of these areas.
A mobile workforce can cause many issues with purchasing and expense management. You might have users that need to submit requisitions for goods and mobile approvers may need to manage approvals. If your workforce is decentralized or travel is a critical component, expense reporting needs to be simple.
In both cases, if the processes are manual or impossible to handle in the field, your organizational risk increases. Compliance will be tested when your team is faced with “it’s easier to ask for forgiveness than permission,” rogue purchasing and overall expenses will increase. Fraud is another area that will be impossible to proactively manage since rogue purchases are only identified after the fact.
Streamlining an organization’s mobile productivity and finding ways to remove speed bumps from internal processes is becoming a major area of focus for efficiency-based savings. Be prepared: Productivity for a mobile workforce requires the same tools that are accessible in the office, but out in the field.
Mobile spend management is critical in managing risk and makes managing the spend of a mobile workforce as easy as grabbing your phone or tablet. From email notifications to smart phone expense tracking, to off-site approvals; Fraxion drives efficiency through cloud-enabled mobility.
Give your mobile workforce the tools to submit, approve or reject purchase requests and expense claims wherever they are in the world
Capture data in real-time: Reduce the risk of losing documentation by uploading photos of receipts to save time and ensure accuracy
Reduce the risk of rogue or unauthorized purchasing
Avoid time consuming expense claim processes, submit requests and supporting documents in real-time and speed-up processes
No more process delays and out-of-office excuses - Fraxion enables
on-demand access and Alerts notify users when actions are required
Make informed decisions
With access to budgets and risk analytics wherever you are, accountable spending is easy
"Since migrating to Fraxion’s cloud solution, we've achieved a paperless business environment and experienced significant improvements in efficiency. Accessibility of the system via multiple devices has greatly improved productivity."
Henk V, Costing Manager, LAW FOR ALL